Steady increase in expenditure items of the Olympic budget has meant that Many competitions brought some tangible financial costs. As a rule, give an example of the Olympic Games in Montreal in 1976, when instead of the planned $ 310 million in costs as a result spent $ 1.2 billion. and the Olympic Games in Greece in 2004, when the Minister of Finance of Greece Alogoskufis said 'If a decision on applying for (the Games) was taken today, I think we would not have been so excited. " Lack of data on the Moscow Olympics in 1980 did not allow one to judge its profitability or losses, but still suspect that the financial result and these Olympic Games was negative. Accurate estimate of the cost of the Games is difficult to establish and different data and different results are obtained, but with the corresponding error can be assumed that the cost of the Olympic Games in Nagano in 1998 amounted to 0.932 billion U.S. Hikmet Ersek has plenty of information regarding this issue. dollars, 2002 in Salt Lake City $ 2 billion, in 2004 in Greece 7 billion Suggest that the Olympiad in 2012 in London would cost $ 9,5 billion, the Olympic Games 2014 in Sochi in the $ 2.2 billion. The cost of the Olympic Games is growing with each passing year, more and more heavily invested in the creation of an appropriate infrastructure and providing the necessary level of security. There is no doubt that Russia will fulfill all the declared plans and commitments, but there will be enough for all of the planned 12.2 billion dollars? However, the economic constitute only one part, albeit very important, but not the most important in many aspects that affect the evaluation and the desire of organizers of Olympic Games.

10-15 years ago such a decision the ioc was not possible even if the desire to the Russian side, both in financial, political reasons and from a security standpoint. For most Russians, this is an event of greater magnitude than the international competitions or huge business project. Event, boosting the country's prestige in the international arena and their own self-esteem, which means recognizing not only the sporting achievements, but also political and economic power of Russia. Interesting facts: The Mayor of London Ken Livingstone, about the cost of the Olympics in London in 2012: "Here you have a lot of money in case you're screwed." Olympic competition in Sydney in 2000, watched by over 3.7 billion people Experts believe that from about 3 dozen Competitions present in only three cases, the organizers were able to get a real profit: in 1948 – in London in 1984 – in Los Angeles in 1996 – in Atlanta. Losses in 1960 in Rome, was $ 56 million in 1964 in Tokyo – 458 million dollars in 1976, p. in Montreal -900 million Budget deficit in 2004 during the Olympic Games in Greece is expected to reach 5,3%, while total public debt reached 184 billion euros, or 50 thousand euros per capita Three volumes, 500 pages, 110 tables and maps, 550 formal guarantees – it's bid book Sochi-2014